The conveyancing process is the legal process of transferring property ownership from one person to another. It is typically divided into several stages, each of which plays an important role in ensuring the transaction is completed smoothly. For example, when buying a property, the conveyancing process typically includes the following stages: Connect with Phew for any sale or purchase conveyancing transactions.
This is the stage where the buyer and seller agree on the terms of the sale, including the price, completion date, and any special conditions The buyer's solicitor will also conduct initial searches to check for any issues with the property, such as planning permission or potential flooding
Once the terms of the sale have been agreed upon, the buyer and seller will exchange contracts. It is a legally binding agreement, and once it is signed, the buyer is committed to the purchase, and the seller is committed to the sale.
This is the stage where the buyer's solicitor carries out further searches, such as checking the local council's records and the Land Registry The buyer will also arrange for a survey of the property to check for any structural issues
This is the final stage of the conveyancing process, where the buyer pays the remaining purchase price balance, and the property keys are handed over The buyer's solicitor will also register the transfer of ownership with the Land Registry. Secure your dream home or successfully sell your property with our comprehensive sale & purchase conveyancing services
After the completion, the buyer's solicitor will make final checks and ensure that the property is registered in the buyer's name and all the documents are in order
In summary, the conveyancing process is a complex and time-consuming process that involves several stages. However, with the right guidance, you can ensure that the process is completed smoothly and that you can take ownership of your new property as soon as possible.